Skip to comments.Housing secretary pushes mortgage write-downs
Posted on 04/06/2012 6:54:06 PM PDT by blueyon
The Obama administration wants Fannie Mae and Freddie Mac, which finance the bulk of U.S. mortgages, to start reducing loan balances for troubled borrowers, but with safeguards to prevent them from purposely defaulting to obtain relief.
(Excerpt) Read more at reuters.com ...
The bottom is not within sight.
” Good luck with that and it won’t accomplish anything.
The bottom is not within sight. “
No with this friggin Marxist.....no end in sight.
Thank God they are building in “safeguards.” Otherwise, there’s no telling how many people might attempt to cheat Big Fed.
I knew I should have bought that mansion I knew I could not afford, but yet the bank was willing to give me the money anyway! Why am I so responsible?
How long are people that are paying their bills supposed to continue to pay their bills (on time) with crap like this going on?
IOW, why them and not me? (rhetorical question)
I just did a VA streamline refinance. During the process I got a letter from the tax assessor informing my value had dropped another ten grand. Wish I could get my principle dropped.
There should be a revolt for those that have sacrificed and payed off their homes.
New we should have waited for obama /s
I no longer think it prudent to work hard and be a good citizen. Those are painful words. The 50% of us who are supporting the other 50% need to stop. Time to reboot the system.
Past TIME! ! ! ! !
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